Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross
Land Area Gross ()

Property Description

Located on the southeast corner of Kings Highway and Coney Island Avenue, the subject asset features a combined 260 feet of frontage along two of the most important and heavily trafficked commercial thoroughfares in Brooklyn. Over 1.1 million cars drive by the property each month, making it one of the most visible retail locations in all of south Brooklyn. The asset totals approximately 42,939 gross square feet, including below grade space. Additional, approximately 83,547 buildable square feet of development rights remain, offering tremendous value for long-term future development. 

Investment Highlights

  • Situated on the corner of two of Brooklyn’s busiest retail corridors, visible to over 1.1 million cars each month
  • Approximately 43,000 gross square feet inclusive of above and below grade rentable space
  • Incredible 360’ of frontage, providing excellent visibility
  • Prime destination for national retailers, including Walgreens, Target, Duane Reade, Chipotle, Starbucks, AT&T
  • Partial tenant reimbursement of Operating Expenses
  • Substantial Development Potential due to the approximately 83,547 BSF of remaining air rights
  • Easily accessible via the B&Q subway lines and the B7 & B52 bus lines, providing convenient access throughout the NY Metro Area
Last Updated Date: 30 Sep 2021
Bob Knakal
Bob Knakal
Chairman, NY Investment Sales, New York Office Co-Head
License details
NY-10311207925
Stephen Palmese
Stephen Palmese
Vice Chairman
License details
NY-10311208021

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Last Updated Date: 30 Sep 2021

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